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Landings Glassware Company is $1,150.000 of 15%, 10-year bonds at 95 on February 28, 2018. The bonds pay interest on February 28 and August 31.

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Landings Glassware Company is $1,150.000 of 15%, 10-year bonds at 95 on February 28, 2018. The bonds pay interest on February 28 and August 31. The journal entry to record the sunce includes a O A dobit to Cash for $1,092,500 OB. credit to Discount on Bonds Payable for $57,500 OCdebito Cash for 51,150,000 OD Credit to Bonds Payable for $1.092.500

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